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'll break it all down. >>> wall street may have the blues u.s. debt is mounting and tax hikes could be around corner. but screw the inevitable. there are still plenty of ways to make money. we'll tell you exactly how to keep raking it in. >>> the "oracle of omaha" make as new gamble. where warren buffett sees the next cash cow and how you can follow in his footsteps. even when they say it's not it is still always about money. melissa: all right, first let's take a look at the day's market headlines. stocks tumble yet again following the worst session of the year yesterday despite better than eepected u.s. jobless claims and u.s. export data. rising concerns over the fiscal cliff shook investors yet again the dow closed down 121 points. >>> disney shares are sliding after-hours the company reported fiscal fourth quarter earnings a short time ago. disney coming in a little light on revenue while meeting profit expectations. >>> shares of whole foods took a nearly 6% hit. the company warned superstorm sandy is taking a bite out of sales and will hurt earnings. >>> to our top story. che
it all down. >>> wall street may have the blues u.s. debt is mounting and tax hikes could be around corner. but screw the inevitable. there are still plenty of ways to make money. we'll tell you exactly how to keep raking it in. >>> the "oracle of omaha" make as new gamble. where warren buffett sees the next cash cow and how you can follow in his footsteps. even when they say it's not it is still always about money. melissa: all right, first let's take a look at the day's market headlines. stocks tumble yet again following the worst seion of the year yesterday despite better than eepected u.s. jobless claims and u.s. export data. rising concerns over the fiscal cliff shook investors yet again the dow closed down 121 points. >>> disney shares are sliding after-hours the company reported fiscal fourth quarter earnings a short time ago. disney coming in a little light on revenue while meeting profit expectations. >>> shares of whole foods took a nearly 6% hit. the company warned superstorm sandy is taking a bite out of sales and will hurt earnings. >>> to our top story. check out this
the key to u.s. energy independence. a new study says absolutely not. is the controversial outlook right? we'll drill down on that one. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their single best market, would likely slide. >>> u.s. consumer spending fell for the first time since may. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation is focused on the wealthy to get them to pay more.
improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one g store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal iff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manar behind apple maps. iphone software has been widely
, that is only way we will get congress, he needs a new economic time, and his skills and int -- intellect to use the bully pulpit which he has not done so far. neil: what do you think? >> a tax increase. neil: he will claim that is what -- >> he ran, nothing but for confrocontran seption, and a ner issues. neil: republicans go along. >> speaker and minority leader, they will be in bet pore sig, -- better position, when new congress is seated, everyone kicks a character and puts so much on the election. neil: that is their cover. lou: i don't think that john boehner has conservativ!! covert forefront of the republican party. neil: he is their biggest star. lou: he is only man with power. on part of the republican party, period, mitch mcconnell, is a minority leader of senate that does not approach him, discussion that simpson-bowles it was rejected by this president, and by the republican party, it is not a good plan. people need to understand this. it is not a plan that will be embraced by those who did not want to see higher taxes. the idea of that the president can speak to taxes and say, the
's press secretary and attorney joey jackson. thanks o much for joining us, both of you. >> thanks, jenna. melissa: aaron, i will start with you. this is a first but it's not, not totally unexpected. they're broke. what are they supposed to do? >> that's why you go to bankruptcy so the courts figure out who you owe first and who gets what money. you're exactly right they're broke. short of winning the powerball san bernardino has very few options. they have to cut services elsewhere to pay for pensions or raise taxes to pay for the pensions. one way or another they will have to pay the bill. melissa: really? joey, what do you think?. >> i think he is right. what is the smell? sweet smell of victory. ultimately i don't think municipality can get out of this. yes it is in federal court. the question becomes, does the federal government take priority, does the state take priority? back a long, long time ago, melissa when the statute was enacted for bankruptcy it has to be federal. state contract says you honor that obligation. i think states are sovereign. municipalities are sovereign. the f
will be felt here in the u.s. joining me now in a fox business exclusive is senior advisor to the mayor, thank you for being with us. i want to get right to it. a cease-fire is good news but what is your take on it? >> is quite interesting because since the cease-fire was signed, several rockets were launched after the cease-fire came into effect. things have been pretty quiet and we hope it continues this way. melissa: do you feel that they violated it already? >> i guess you could call it that. we are dealing with band of terrorists whose political ideologies to kill as many as thewecan. we have to take it with a grain of salt. we want the southern border to be peaceful and that is why we signed the cease-fire with them and we hope they stand up to the terms they agreed to. melissa: israel agreed to stop all hostilities and not target specific individuals. palestinians said they would stop against israel including rocket attacks and along the border. obviously this question about that, but does it seem fair to you? >> let's put it this way. our goal is to make sure our citizens live peaceful
of things to come? here to start us off on this one is united advisors chief market strategist scott martin. scott, what does the future hold? >> probably a very big dose of volatility, melissa. thanks for pointing out we didn't lose as much as we did four years ago. melissa: right. >> it is still a loss. i love to look for you to the silver lining. this is the issue. you mentioned in the tease at the beginning. this fiscal cliff that looms ahead, not that far ahead. only a couple months away if that. there is certainly no resolution in sight. one of those things we'll play chicken with the u.s. economy. we'll play chicken with the u.s. consumer and probably not get anything done. that is the uncertainty that looms over the market more than anything. melissa: here is the question people are asking me today, on election day, stocks are moving higher. it seemed pretty obvious during the day that barack obama was winning. what was the big change overnight? what was the hangover today? >> yeah. that was the goofy thing and that's why i think blaming barack obama's re-election today kind of a re
companies for several years. that is a dead dream. charles: all right, we have to leave it there. join us tomorrow. suzanne david: meet is expensive. have a great one. melissa: i am melissa francis and here's what is "money" tonight. injuring 30 people. an exclusive interview with the senior official at tel aviv to get all the details. a thanksgiving store causing major headaches for los angeles. workers walking out and blocking traffic on the busiest travel day of the year. we will hear from both sides on this one. remember the battle cry for lower taxes? where are they? we'lwe will ask one of the couns top tea party leaders. even when they say it is not, it is always about "money." all right, first let's take a look at the market headlines. modest gains in the last day of trading before the thanksgiving holiday. citigroup announced it will be closing half of all their branches in greece. the banking giant says a security measures are hurting their business. a feral bankruptcy judge has officially approved hostess brand plans to wind down. the ruling spells certain and to the hostess bak
number of women's group, can you help us find folks. they brought us binders full of women. >> governor we don't have horses and bayonets because the nature of our military is changed. >> jack kennedy lowered taxes. >> oh you're jfk. >> don't boo, vote. voting is the best revenge. stuart: this is exciting. this is decision day. i'm stuart varney and this is a special election day edition of "varney & company". we have an all-star cast spread throughout the studio and across the country for you. gerri willis at romney headquarters in boston. rich edson at obama headquarters in chicago. sandra smith is tracking key swing states for us. scott rasmussen has final polls and a prediction. first our company for the for the hour, former presidential candidate steve forbes and radio host and best-selling author, monica crowley. to you first, you're both conservatives. monica, who is going to win. >> governor romney will win the presidency by three percentage points and over 300 votes. stuart: are you being objective? >> i hope not my wishful thinking. over last month and a half i have been to mo
? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one gun store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal cliff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manager behind apple maps. iphone
people we don't need fema. even though government fails part instinct leads us to assume washington has the best. they don't. they fail all the time. fema fails constantly. after hurricane hugo one senator called it bureaucratic jackasses to get the hell out of the way. they said prove it but after hurricane andrew even in your times reported it is unclear who was in charge of the relief ever. mikulski said the response was seen as a disaster itself. they said they would fix it then came hurricane katrina and nobles to thousand people died. fema often got in the way. the extra hotel hired buses but fema took them and send them to the convention center. wal-mart offered a three trailer trucks filled with water and fema turned them away. they prevented the coast guard from delivered 1,000 dolls-- gallons of fuel even ordering 91,000 tons of rice but then shipped it to maine and arizona. government bureaucracy is always incompetent for overtime everybody has to follow the rules theybecome incompetent. but my guest says i am wrong most people say we need fema they are not competent. they ar
in the wake of superstorm sandy. she is not the only one that can use a fill-up. it is our top story. dire shortages and major power outages making it impossible for drivers all over the place to fill tanks. if you're lucky enough to find a station that actually has gas. plan on waiting in line for two hours. tom kloza, chief oil analyst and joins me on the phone. tom, tell me what is really going on here? is it a supply shortage? it is is disruption problem? what is causing this? >> this is all about access. access to tanks of fuel whether it be in your gasoline station or pump requires electricity. not that we have a shortage of fuel. we have a little bit of a consumer panic and a lot of stations that don't have generators and have no way of accessing fuel in their tank. melissa: how, given all that, how long do you think it goes on? >> i think it probably goes on maybe through the weekend or whatever. people will calm down. i do think that the logistics folks in supply are getting a grip on this. we're going to start to get some of the supply that we get from offshore. there is plenty o
to start us off on this one is united advisors chief market strategist scott martin. scott, what does the future hold? >> probably a very big dose of volatility, melissa. thanks for pointing out we didn't lose as much as we did four years ago. melissa: right. >> it is still a loss. i love to look for you to the silver lining. this is the issue. you mentioned in the tease at the beginning. this fiscal cliff that looms ahead, not that far ahead. only a couple months away if that. there is certainly no resolution in sight. one of those things we'll play chicken with the u.s. economy. we'll play chicken with the u.s. consumer and probably not get anything done. that is the uncertainty that looms over the market more than anything. melissa: here is the question people are asking me today, on election day, stocks are movng higher. it seemed pretty obvious during theay that barack obama was winning. what was the big change overnight? what was the hangover today? >> yeah. that was the goofy thing and that's why i think blaming barack obama's re-election today kind of a red herring. i don't kn
. thanks for joining us tonight. >> glad to be with you. melissa: what do you think is the answer to this problem? >> i think whatever mitt romney's closest advisors say is probably not the answer because we had a referendum on that. but, gosh, the answer is very, very clear, melissa. the president's own people have said that he has said it repeatedly, everybody should pay their fair share. now i do think we probably should set up a line of poverty and below that no tax, but set up a flat tax. if you make more, you pay more. if you make less, you pay less. only have two deductions for mortgage interest and also for charitable deductions. rest of it goes away. and let's make the capital gains 15%. let's leave it 15%. make a flat income tax of 15%. let's make the gift tax 15%. make estate tax 15%. you will see the economy explode. you will see all kinds of revenue come in. use the president's own words. everybody should pay their fair share of flat tax. melissa: i couldn't agree with you more. it is a fantastic idea. it will also never happen. so what do you think is the real soluti
so far will be worth it, and that the pipeline will prevail. plus, wall street got the blues. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the naral gas area. we got a game changer here. we got a fuel that's cheap, abunda, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk abt response to climate ch
marathon, generators, water, valuable resources are being used while countless new yorkers are still suffering. the mayor says the race will go on. i think it is crazy. a legendary marathon runner is here exclusively to disagree with me. even when they say it's not it is always about money melissa: all right. first let's take a look at the day's market headlines. better than expected october jobs report failed to lift stocks after some early gains, the major indices tumbled closing at session lows. the dow fell 139 points. shares of chesapeake energy helped drag down energy stocks. the natural gas producer reported a third quarter loss and said it is delaying scheduled asset sales. there was one bright spot though on the day for sure. that was starbucks. shares of the coffee giant soared 9%. it solid beat fiscal fourth quarter earnings estimates while raising the full-year profit outlook. look at that stock. >>> now to our top story. the dire gas shortage is a consequence of the super storm. drivers are waiting for hours upon hours to fill up tanks only to be turned away because the
. grew up suddenly last 3 1/2 years. it is a mile long. it is about the weight of the u.s. space station and bigger than the weight of the empire state building. what we're looking at, melissa, around the clock. 1800 garbage trucks have been moving in and out bringing in debris. they have been going full tilt, 24-7 even before the hurricane hit. what we're looking at, using sand on the beach blocks, that ended up from, you know the flooding and they're using it as what are called berms to stop any hazardous waste from oozing into the environment in the area. that is the sand walls you're looking at right here. they just switched on the lights. we're looking at dump trucks and 18-wheelers coming in, melissa bringing in this debris. the president did do a flyover when we were here at 11:30 this morning. he did give a shoutout to the sanitation workers, melissa because they're the first-responders that basically removed the debris. the new york parks department gratefully to the area opened this up. if they didn't build this landfill hill, the rebuild would have even been slower, melissa. r
's nothing left t divide. >> the focus is it the automatic tax increases force us into the cliff come monday total 55 billion for defense or domestic spending into the future. >> it is a nightmare. >> it is a total disaster to create chaos. >> drive the economy off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they ink let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there
for joining us tonight. >> glad to be with you. melissa: what do you think is t answer to this problem? >> i think whatever mitt romney's closest advisors say is probably not the answer because we had a referendum on tha but, gosh, the answer is very, very clear, melissa. the president's own people have said that he has said it repeatedly, everybody should pay their fair share. now do think we probably should set up a line of poverty and below that no tax, but set up a flat tax. if you make more, you pay more. if you make less, you pay less. only ha two deductions for mortgage interest and also for charitable deductions. rest of it goes away. and let's make t capital gains 15%. let's leave it 15%. make a flat income tax of 15%. t's make the gift tax 15%. make estate tax 15%. you willee the economy explode. you will see all kinds of revenue come in. use the president's own words. everybody should pay their fair share of flatax. melissa: i couldn't agree with you more. it is a fantastic ea. it will also never happen. so what do you think is the real solution that we could come to on this? >>
of the last three weeks. one-and-a-half miles long. it's about the weight of a u.s. space station, and it's bigger than the weight of the empire state building. what we're looking at right now, around the clock 1800 garbage trucks have been moving in and out, bringing in debris. they have been going full tilt 247, even before the hurricane hit. well real looking at, they are using sand that was on the beach box that ended up from the flooding, using it as what are called berms to stop any hazardous waste from the losing end to the environment and the area, said that is the he -- the sand wall. they just switched on the lights they are looking at dump trucks and 18 wheeler's coming into my bringing in this debris. the president did you fly over when we were here this morning. he did give a shout out to the sanitation workers. they are the first responders that basically remove the debris. what we are hearing is the new york parks department gracefully open this up because if they did not build this landfill here, the rebuilt would have been even slower. right in the area, heartbreaking pho
? the ceo of hostess will join us coming up. even when they say it's not it is always about twinkies. melissa: all right. first let's take a look at the day's market headlines. cautious optimism over today's fiscalliff negotiations put stocks in the green. the dow rose for just the second time since the election gaining 45 points. >>> shares of dell got hammered today. the computer-maker announced its third quarter profit dropped by nearly half while giving a cautious revenue outlook. >>> facebook shares close out their best week since the company's may ipo the end to a lockup of 800 million shares failed to bring the stock dive that many experts had predicted. >>> mr. obama opening fiscal cliff negotiations with congressional leaders at the white house today. lawmakers attending a sit-down called it constructive but tension is rising which side may blink first. pressure is intensifying on republicans to be the ones that do it. is a compromise on tax hikes just around the corner? joining me with more on this, republican senator from north dakota, john hoeven. senator, thank you so mu
words they're not used to, buy. goldman sachs upgraded company citing prospects for its upcoming blackberry 10 phone. that is huge day for rim. >>> pandora shares rose 7%. comscore released a new measure to measure audiences online and pan door a has 59 million unique visitors. clearly good news to investors there. liz: a change that could affect homeowners coast to coast. everyone knows one of the big reasons to buy a house to take advantage of mortgage interest deduction on your taxes. that formerly sacred and untouchable deduction is on the table for fiscal cliff talks. that costs the government $100 billion a year. you know they're looking at every rock for revenue. it would take buyers away from the house market and it could be devastating to the economy. we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big potential problem. it would no doubt cause prices on homes to fall? liz: to rise? >> i'm sorry. liz: if you took
, generators, water, valuable resources are being used while countless new yorkers are still suffering. the mayor says the race will go on. i think it is crazy. a legendary marathon runner is he exclusively to disagree with me. even when they say it's not it is always about money melissa: all right. first let's take a look at the day's market headlines. better than expected october jobs report failed to lift stocks after some early gains, the major indices tumbled closing at session lows. the dow fell 139 points. shares of chesapeake energy helped drag down energy stocks. the natural gas producer reported a third quarter lossnd said it is delaying scheduled asset sales. there s one bright sot though on the da for sure. that was starbucks. shares of the coffee giant soared 9%. it solid beat fiscal fourth quarter earnings estimates while raising the full-year profit outlook. look at that stock. >>> now to our top story. the dire gas shortage is a consequence of the super stm. drivers are waiting for hours upon hours to fill up tanks only to be turned away because the station's tanks run
over the new york city marathon, generators, water, valuable resources are being used while countless new yorkers are still suffering. the mayor says the race will go on. i think it is crazy. a legendary marathon runner is here exclusively to disagree with me. even when they say it's not it is always about money melissa: all right. first let's take a look at the day's market headlines. better than expected octobe jobs report failed to lift stocks after some early gains, the major indices tumbled closing at session lows. the dow fell 139 points. shares of chesapeake energy helped drag down energy stocks. the natural gas producer reported a third quarter loss and said it is delaying scheduled asset sales. there was one bright spot though on the day for sure. that was starbucks. shares of the coffee giant soared 9%. it solid beat fiscal fourth quarter earnings estimates while raing the full-year profit outlook. look at that stock. >>> now to our top story. the dire gas shortage is a consequence of the super storm. drivers are waiting for hours upon hours to fill up tanks only to be turne
far will be worth it, and that the pipeline will prevail. plus, wall street got the blues. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama econy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we he just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel that's cheap, abundant, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale plac which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk about response to climate change a
. u.s. debt mounts and tax hikes andrew the corner. guess what? there's plenty of ways to make money, even in an obama economy. we have all the information you need to rake it in, even when they say it's not, it's always about money. ♪ >> starting off, oil and energy, hosting money from houston, i sat down for an exclusive one-and-one with the ceo and co-founder of ki in, -- kinder morgan. we focus on the future of the energy business and natural gas. this is what he said. >> we need to have a level playing field. we need to have, in the energy field, for example, we have just tremendous opportunities, particularly in the natural gas area. we got a game changer here. we got a fuel that's cheap, abundant, domestic, plentiful.g we ought to be doing everythingp we canlo to exploit that. melissa: fracking for natural gas?oded >> natural gas in general.e the shale place, which, of course, predicated to fracking, but the opportunities forrtun natural gas, you want to talk about response to climate change and reducing co2 emissions, thio is the golden key to open the door more than most r
senator evan bayh joining us on the same topic. senator, you spent enough time in d.c. to know how these things work. you said recently the appearance of trying to negotiate across the aisle is now perceived as betrayal of your own party rather than trying to work together. so how do you think this is going to play out? >> melissa, i'm as pessimistic as anybody about dysfunction and gridlock in washington but i do think there is some reason to be cautiously optimistic here. i agree with a fair amount of what senator vitter just said. i think the president having been reelected will be more willing to take on entitlement reform. doesn't have to worry about offending his base so much. the fact he is elected the republicans don't have to focus on trying to defeat him quite so much and i think he will be interested in his legacy. he has to get this done otherwise it haags over everything the next four years. you look over that, i think there is window of opportunity next six months to hammer out some difficult, don't get me wrong, a lot of brinkmanship, right to the 11th hour but actua
us with the reaction. egyptian president makes a power grab that could make a feral blush. violent protests break out. will they bring mideast turmoil to new heights? one of the reasons top experts. getting a pink slip for not getting a flu shot. one employer fires all workers refusing to get the flu vaccine. is it legal? could more businesses follow suit? if even when they say it's not, it's always about "money." ♪ melissa: first, let's take a look at the day's market headlines. fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. the dow closed down 42 points. facebook shares some other best in four months. two formerly bearish analysts upgrade their outlook citing increasing revenue from mobile ads. and as our own charlie gasparino first reported, mary schapiro stepping down as chairman of the sec. officially leave office on december 14th. she ran the securities regulator for nearly four years. president obama will appoint current sec commissioner to run the agency. all right. now to our top story. warren buffett support for raising
to a solution here. let's turn to former indiana senator evan bayh joining us on the same topic. senator, you spent enough time in d.c. to know how these things work. you saidrecently the appearance of trying to negotiate across the aisle is now perceived as betrayal of your own party rather than trying to work together. so howo you think this is going to play out? >> melissa, i'm as pessimistic as anybod about dysfunction and gridlock in washington but i do think there is some reason to be cautusly optimistic here. i agree with a fair amount of what senator vitter jt said. i think the president having been reelected will be more willing to take on entitlement reform. doesn't have to worry about offending his base so much. the fact he is elected the republicans don't have to focus on trying to defeat him quite so much and i think he will be interested in his legacy. he has to get this de otherwise it haags over everythinghe next four yes. you look over that, i think there is window of opportunity next six months to hammer out some difficult, don't get me wrong, a lot of brinkmanship, right to
from the big guys and little guys like us get routed back from the table do to a smothering bunch of regulations. government interventions come at the result of wind things it out of control. i health care costs to go $150 billion. john: it's his body. he can make his own stupid choices. >> i never believe that i'm hurting anybody's freedom. john: you are banning things. you suppor the ban on the soft drinks. >> well, the big soft drink is important to realize that we need said -- you have children at the age of nine. they suffer from hypertension as a result of too much soda, too much sugar as a result that people are not taking their own responsibility. that iswhen government jump into it. john: how can you say you're leaving them your toys? you're not. >> well, they should be glad. we're trying to do it. john: this is dangerous. too big. >> depending how many of those you have. john: illegal. >> that's the reason i have the surchargon it, to make sure that people get dicouraged from getting this kind of items. john: and you want to -- [talking over each other] john: it baena sa
and financial ramifications worldwide, fox news middle eastern expert joins us with more on this. how close do you think we are to full scale war? watching the pictures and listen to that story and everything we've seen develop in the last few days, what do you think? >> we're close the first chapter of a much wider confrontation with tens of thousands of soldiers. the air force is ready, basically going after the headquarters. when hamas is sending missiles and rockets to areas, this is a prelude to the confrontation. the real question is will israel across that line and invade fully? or will hamas continue for a long period of time? there is no gain, they cannot occupy or even leave gaza. a launching pad existing inside the gaza strip are taken out. melissa: what tipped them over the scale? the real question is do they go in, full scale war, what to the scale and where does that leave us? >> that is a very good question. most are focusing on what would push the israelis to do a move on the ground. it is not just the enemy that is in front of them. they know they have tanks, heavy materials,
in the afterlife? the ceo of hostess will join us coming up. even when they say it's not it is always about twinkies. melissa: all right. first let's take a look at the day's market headlines. cautious optimism over today's fiscal cliff negotiations put stocks in the green. the dow rose for just the second time since the election gaining 45 points. >>> shares of dell got hammered today. the computer-maker announced its third quarter profit dropped by nearly half while giving a cautious revenue outlook. >>> facebook shares close out their best week since the company's may ipo the end to a lockup of 800 million shares failed to bring the stock dive that many experts had predicted. >>> mr. obama opening fiscal cliff negotiations with congressional leaders at the white house today. lawmakers attending a sit-down called it constructive but tension is rising which side may blink first. pressure is intensifying on republicans to be the ones that do it. is a compromise on tax hikes just around the corner? joining me with more on this, republican senator from north dakota, john hoeven. senator, than
. here for a quick roundup, is fox news's one and only bill hemmer. thanks for joining us. >> nice to see you, melissa. melissa: all day long i've been in the elevator in the buildings, tell me, off the record, what will happen, who will win, what do you think. >> no one will tell you? melissa: every last one is lying to me and really no one nose. >> i think that, when you go out on the trail and talk to both campaigns as we have quite often over the past six months you will hear for the most part operatives on both sides hedging their own bets. melissa: really. >> because even they don't know. they tell you what, we think we met our number on door knocks. we did better in telephone calls than we did four years ago. all those signs indicate we're doing really well in our ground operation. but we won't go so far as to say our guy will win. with the exception, house speaker john boehner was on a bus tour back in ohio in his home state. he said unequivocally that mitt romney is winner of the 18 electoral votes in ohio. we'll go ahead and play this for you. melissa: okay. >> then i will expla
it comes. joining me is union leader. thanks so much for joining us. you're the national, sorry, the president of the national education association. you attended the president's meeting with labor leaders at the white house. thanks for joining us. what was the tone of that meeting? >> well the tone of the meeting was very positive. i think it was a time for people to express their interests and in areas that they definitely want to have considered. obviously as you mentioned it was just one of three meetings this week. i joked with him i wish i could have attended all three. i think they would be very different meetings and very interesting. melissa: what you dough mean about that? what do you think was different for the ceo meeting for example? >> i believe everybody has different perspective. i was high school math teacher for 23 years. now i serve as president of nea. step one, if congress does nothing it will have devastating impact on education. the across-the-board cuts would cut 8.2% from the federal education budget. would impact nine million students. 76,000 educators
. is the oracle of omaha having of false prophecy? 220 men join us with the reaction. egyptian president makes a power grab that could make a feral blush. violent protests break out. will they bring mideast turmoil to new heights? one of the reasons top experts. getting a pink slip for not getting a flu shot. one employer fires all workers refusing to get the flu vaccine. is it legal? could more businesses follow suit? if even when they say it's not, it's always about "money." ♪ melissa: first, let's take a look at the day's market headlines. fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. the dow closed down 42 points. facebook shares some otherbest in four months. two formerly bearish analysts upgrade their outlook citing increasing revenue from mobile ads. and as our own charlie gasparino first reported, mary schapiro stepping down as chairman of the sec. officially leave office on december 14th. she ran the securities regulator for nearly four years. president obama will appoint current sec commissioner to run the agency. all right. now to
the next 10 years. here it comes. joining me is union leader. thanks so much for joining us. you're the national, sorry, the president of the national education association. you attended the president's meeting with labor leaders at the white house. thanks for joining us. what was the tone of that meeting? >> well the tone of the meeting was very positive. i think it was a time for people to express their interests and in areas tat they definitely want to have considered. obviously as you mentioned it was just one of three meetings this week. i joked with him i wish i could have attended all three. i think they would be very different meetings and very interesting. melissa: what you dough mean about that? what do you think was differenfor the ceo meeting for example? >> i believe everybody has different perspective. i was high school math teacher for 23 years. now i serve as president of nea. step one, if congress does nothing it will have devastating impact on education. the across-the-board cuts would cut 8.2% from the federal education budget. would impact nine million student
. thanks for joining us. >> nice to see you, melissa. melissa: all day long i've been in the elevator in the buildings, tell me, off the record, what will happen, who will win, what do you think. >> no one will tell you? melissa: every last one is lying to me and really no one nose. >> i think that, when you go out on the trail and talk to both campaigns as we have quite often over the past six months you will hear for the most part operatives on both sides hedging their own bets. melissa: really. >> because even they don't know. they tell you what, we think we met our number on door knocks. we did better in telephone calls than we did four years ago. al those signs indicate we're doing really well in our ground operation. but we won't go so far as to say our guy will win. with the exceion, house speaker john boehner was on a bus tour back in ohio in his home state. he said unequivocally that mitt romney is winner of the 18 electoral votes in ohio. we'll go aheadand play this for you. melissa: okay. >> then i will explain to you why he believes that. absent of any data. just his gut f
inside. >> amazing. the war has major political ramifications worldwide. walid phares joins us with more. how close are we to the full-scale war? with everything developing what do you think? >> it is the first chapter of the wider confrontation with tens of thousands of show-- soldiers have the airforce ready to go after the hamas headquarters. when they send area rockets rockets, the question is will israel cross the line to invade the fed is a tough thing to do? for hamas they will continue to shell. they could not occupy so israel the priority is those existing inside the gaza strip for taken out to. >> do they go and with full-scale war? where does that leave us? >> most of focusing what would push the is really is to make a move. it is not just the enemy. they have tanks, have a material and technology. they want to make sure the united states will be with them. >> are we? >> president obama made a statement that any president would make. we are with you in retaliation against hamas. but not if you go and. and israelis are concerned what would be shipped to? they have the muslim br
much for joining us. we really appreciate it. >> no problem, thank you. melissa: so here is the question of the day. how much longer do you think the gas shortage is going to last? dare to guess. everyone else has been wrong. go ahead, give it ur shot. i want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. >> time for today's fuel gauge report. first up, oil pricesallied to close out a wild week. solid chinese economic da and rising u.s. consumer sentiment helped push crude above the $86 mark, settling up more than 1%. >>> alaska receiving 255 dal million settlement from bp, exxonmobil and conocophillips the payout compensates the state from lost royalties from a 2006 pipeline spill and shutdown in the prudhoe bay oil field. >>> the national a iranian oil company is added to the united states sanction list. it was quote, to agent or affiliate of iran's revolutionary god in september. it puts additional pressure or iran's slumping oil out put reportedl down more than 20% this year but who really knows.
. tomorrow toys 'r' us ceo is on the pro melissa: i am lissa francis and here's what is "money" tonight. how close is israel to a full out war? for the clinton house broker a cease-fire, but the firing has not stopped. we will break it all down. and staggering news from hewlett-packard. evidence of financial fraud in connection with a software company they acquired last year, this one could have huge impact on the bottom line, and the stock market as a whole. all those details. plus, just in time for black friday, would raising wages for retail workers kickstart the economy? one study says it could boost gdp by 15%. i'm not really buying that. when the people behind that report is here to disagree with me. even when they say it is not, it is always about "money." all right, let's take a look at the headlines, fed chairman ben bernanke warning of dire consequences if we go flying over the fiscal cliff, bernanke says failure to make a deal could trigger another recession. he also says the fed does not have the tools needed to stop another downturn. and they're calling it the largest insider tr
is also a former u.s. navy helicopter pilot, he trained extensively with the israeli navy while operating in the mediterranean. welcome back to the show. let's get right to it. your expert opinion, do you think a war is imminent here? >> thank you for having me. i don't think war is imminent. what we have is what i would describe as a medium or high intensity tactical conflict. until the israelis cross the border with ground forces into gaza, we have not sucked up into full war. the other thing to keep in mind, this low intensity conflict between israel and hamas has been going on for the better part of six years. there's only been in the past week or two it has exploded into this level of violence. melissa: why do you think it is exploding now? exploded now? it's a changing neighborhood? neighbors have become even more hostile toward israel, egypt with the muslim brotherhood and their ties or potential ties to hamas. seems like turkey, their words have been so inflammatory, it seems all of a sudden they find themselves more alone than ever. do you agree with that? speak unfortunately the
right. kevin, thank you so much for joining us. we really appreciate it. >> no problem, thank you. melissa: so here is the question of the day. how much longer do you think the gas shortage is going to last? dare to guess. everyone else has been wrong. go ahead, give it your shot. i want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. >> time for today's fuel gauge report. first up, oil prices rallied to close out a wild week. solid chinese economic data and rising u.s. consumer sentiment helped push crude above the $86 mark, settling up more than 1%. >>> alaska receiving 255 dal million settlement from bp, exxonmobil and conocophillips the payout compensates the state from lost royalties from a 2006 pipeline spill and shutdown in the prudhoe bay oil field. >>> the national a iranian oil company is added to the united states sanction list. it was quote, to agent or affiliate of iran's revolutionary god in september. it puts additional pressure or iran's slumping oil out put reportedly down more than 20% this y
at their responsiveness from the president and telling us they will be there to help us. so i think if, christie is talking that way he has an honest feeling about that. melissa: governor, thanks so much for coming on the show and taking time out. i hope you get your power back soon. >> thank you very much. we appreciate that. melissa: clearly one of the major issues in the wake of storm is power. we can't stop talking about it. check out this video though. it is an explosion at a power station in new york city during monday night's superstorm. that was in manhattan. can you believe that? look at that! there are still more than 6 million people up and undo the east coast without power. some utilities are telling customers not to, look at that, not to expect juice for at least another week. that means no lights, no hot water, no heat. not to mention all the food going bad in everyone's fridges. many people i talk to are wondering why do we still have the vulnerable power lines above-ground? why don't we move them all underground? a lot of those folks got to keep their power? joining me about this
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